Philippine carrier Lorenzo Shipping Corp has received a P270m ($4.6m) financial lifeline from majority shareholder, Doris Ho-led National Marine Corp. National Marine has bought 270m new shares of Lorenzo Shipping at P1 each, much of which will go to pay loss-making Lorenzo’s belated fuel bills....
https://splash247.com/doris-ho-comes-to-the-aid-of-lorenzo-shipping/